The Hidden Costs of Not Age-Proofing Your Home

We all love a good investment strategy. But here’s one you might not have considered: spending a little money on your home today could save you or your loved ones tens of thousands of dollars down the road.

The Numbers That Should Make You Think Twice

Let’s cut to the chase: a private room in a nursing home now costs over $100,000 per year. That’s not a typo. And by 2030? Expect to pay anywhere from $13,000 to $15,000 per month in Lancaster County alone.

But here’s the good news: you have options.

Why Planning Ahead Makes Financial Sense

Think of home modifications like an insurance policy for your independence. Simple changes now can help you:

• Avoid costly falls (1 in 3 seniors fall each year)
• Prevent unexpected moves to assisted living facilities
• Save thousands on emergency home modifications
• Keep control of your monthly expenses

The Real Cost Comparison

Let’s break it down:

• Nursing Home Care: $100,000+ per year
• Assisted Living: About $60,000 per year
• Home Health Aide (40 hours/week): $50,000 per year
• Home Modifications: A one-time investment that helps you stay independent

Why Act Now?

Here’s what many people don’t realize: waiting until you “need” modifications often means:

• Making rushed decisions
• Paying premium prices for emergency work
• Dealing with limited options
• Risking a fall or injury that could force you into expensive care

The Smart Approach to Aging in Place

The best time to think about home modifications is before you need them. A professional assessment can:

• Identify potential problems before they become expensive emergencies
• Help you plan modifications that maintain your home’s value
• Create a timeline that works with your budget
• Give you peace of mind about your future

Take the First Step

Don’t wait for an emergency to think about your home’s future. Our certified aging-in-place specialists can help you create a smart, cost-effective plan to protect your independence and your wallet.

Sources: Genworth Cost of Care Survey 2024, U.S. Census Bureau